Q 5. Mr Anant, who is an owner of a house want to sell his house and proposes this to Mr Kantilal through letter. The letter was posted to Mr Kantilal on 1st August 2019, and reaches him by 4th August 2019. Mr Kantilal posts his letter of acceptance on 6th of August 2019, that reaches Mr Anant by 9th August. In between Mr Anant rethought about selling of his house and sends a letter of revocation on 7th August 2019, for revocation of the offer. Will the offer given by Mr Anant get revoked? Is there an agreement between Mr Anant and Mr Kantilal.

Q 5. Mr Anant, who is an owner of a house want to sell his house and proposes this to Mr Kantilal through letter. The letter was posted to Mr Kantilal on 1st August 2019, and reaches him by 4th August 2019. Mr Kantilal posts his letter of acceptance on 6th of August 2019, that reaches Mr Anant by 9th August. In between Mr Anant rethought about selling of his house and sends a letter of revocation on 7th August 2019, for revocation of the offer. Will the offer given by Mr Anant get revoked? Is there an agreement between Mr Anant and Mr Kantilal.

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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